Blue Line Futures

Cattle futures have had a strong rally over the last two weeks with feeder cattle futures scoring new contract highs. Live cattle are threatening technical resistance with their contract highs in the crosshairs. #Livestock #cattle #Cattlemarket https://lnkd.in/grbFjKXz

Yesterday’s EIA report showed a build in Crude Oil, but a sharp draw in gasoline. Diesel inventories remain low, and implied demand for petroleum products as a whole [Read More] #WTI #Crude #OOTT https://lnkd.in/ghGj869F

Yesterday’s U.S. #CPI report for February came in soft, but market participants were positioned for those expectations. They also may be putting more emphasis on a conclusion that includes today’s PPI report after Fed Chair Powell #NQ #SPY https://lnkd.in/gWTZhsqa

Gold eyes a new $3,500 target—can the rally continue? Meanwhile, is the stock market finally bottoming out? Phil Streible breaks down the key levels and what’s next in today’s Metals Minute—tune in! #Metals #Gold #Silver https://lnkd.in/gqvgBERd

Grain markets got hit hard early on Wednesday but managed to close off the lows which has helped aide in some recovery overnight and into the early morning trade. #Grains #wheat #corn #Soybeans https://lnkd.in/gW_xRhij

Blue Line Futures Daily 3 Takeaways???? ?? Oil Futures Firm in Wednesday’s Trade #Oil prices rose 2% on Wednesday, as U.S. government data showed tighter-than-expected oil and fuel inventories, though investors kept an eye on mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth. U.S. crude stockpiles rose by 1.4 million barrels in the latest week, U.S. government data showed on Wednesday, which was less than the 2-million-barrel rise forecasters had expected. U.S. gasoline inventories fell by 5.7 million barrels, versus expectations for a 1.9-million-barrel draw, while distillate stocks also dropped by more than expected. Consumer Price Data Comes in Softer than Expected U.S. consumer prices increased moderately in February as higher shelter costs were partially offset by cheaper airline fares, giving the Federal Reserve room to keep interest rates unchanged next week while monitoring the economic impact of a trade war. The CPI rose 0.2% last month, the smallest gain since October, after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said an increase of 0.3% in the cost of shelter, which includes hotel and motel rooms, accounted for nearly half of the rise in the #CPI. Shelter prices rose 0.4% in January. They were partially blunted last month by a 4.0% decline in airline fares, portending weaker demand as corporations and consumers cut back on spending. U.S. airlines cut their earnings estimates on Tuesday, citing mounting economic uncertainty. #Gasoline prices fell 1.0% as slowing global economies cool demand for oil. Food prices rose 0.2% after advancing 0.4% in January. Grocery store prices were unchanged amid more affordable fruits and vegetables as well as non-alcoholic beverages and dairy products. Metals on the Move U.S. Commerce Secretary Howard Lutnick said nothing would stop President Donald #Trump's expanded 25% #tariffs on steel and #aluminum until U.S. domestic production is strengthened, and that Trump will add copper to his trade protections. Lutnick also told Fox Business Network that a meeting that he plans to hold with Ontario Premier Doug Ford will seek to "lower the temperature" between the U.S. and Canada, but he will wait for Mark Carney to be fully installed as Canadian prime minister to negotiate on trade on a national level. For More Insights or Questions about our 3 Daily Takeaways fill out this form! https://lnkd.in/g3D-wZ7p

WTI Crude Oil futures were dragged lower after Ukraine announced they had accepted a U.S. led ceasefire package. The deal now hinges upon Russia’s acceptance. Futures had rallied strongly to start the day, but still settled above support. #WTI #OOTT #CrudeOil https://lnkd.in/gJf4wm5C

A choppy trade in the livestock markets on Tuesday brings technicals into focus for Wednesday’s trade. #livestock #livecattle #feedercattle #leanhogs https://lnkd.in/gFxBzA3w

Yesterday’s late session rally stalled right at key resistance in the E-mini S&P at 5641-5646.50 and in front of a big pocket of resistance in the E-mini NQ at 19,703-19,770. https://lnkd.in/gKpqwTJ5 #CPI #NQ #Spy

Silver outperforms as the gold-silver ratio drops to 87:1—are higher prices ahead? Phil Streible breaks down the latest moves in metals, S&P targets, and natural gas in today’s Metals Minute—tune in! https://lnkd.in/geF3iEpX #Silver #Gold #MetalsMinute #SilverSqueeze #SPY #NatGas